Mutual funds pull back on Hollywood

Parent companies see drops in portfolio interest

Have mutual funds soured on Hollywood? Back in October, fund-tracker Morningstar revealed how many U.S. equity portfolios held shares of the parent companies of the major film studios. This month, Morningstar updated that data.

Comcast is still the most popular holding, but 36% fewer funds own it. This may be due to profit taking, as the shares have risen about 25% over the past year.